Nasdaq Weighs Sale of Solovis Amid Streamlining Effort.

Nasdaq Inc. is considering selling Solovis, a company that provides portfolio-management software and services, as part of its efforts to streamline its operations after its acquisition of Adenza. Nasdaq is working with a financial adviser to explore options for the unit and has received interest from potential buyers. The company may choose to retain the business instead. Nasdaq has been diversifying its revenue sources beyond its traditional exchange business, and the acquisition of Solovis in 2020 expanded its offerings in cloud-based portfolio management. [Extracted from the article]